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Dec 13, 2012
12/12
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we're small business owners. how will the fiscal cliff hurt us. >> this is a big answer. i don't know your specific situation, but the bottom line is it will probably affect small businesses in a couple ways. first of all, they tend to deduct things and run their taxes many ways through their personal income. you may fall into the alternative minimum tax and the bad thing about that is that you can't deduct things. the department of revenue says we'll go from 4 million people who file under amt, that will explode. the other thing is there will be fewer deductions quite possibly. one of the advantages is you can deduct lots of things. many of those will change. you'll have to speak to your accountant about the specifics, but it will probably have an effect on you if you're a small business. if you're swlf employed, especially more things that will affect you because the things you pay like medicare iks payroll tax deduction, those will fall to you. make sure you get it right. if you're a major corporation, you have a team accountants figuring this out. >> i'm only going to
we're small business owners. how will the fiscal cliff hurt us. >> this is a big answer. i don't know your specific situation, but the bottom line is it will probably affect small businesses in a couple ways. first of all, they tend to deduct things and run their taxes many ways through their personal income. you may fall into the alternative minimum tax and the bad thing about that is that you can't deduct things. the department of revenue says we'll go from 4 million people who file...
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whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurts every single american in the wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. charles: let me be brief, she posted on yelp. now, she need legal help her in being sued for $750,000 for posting this, do not put yourself through this nightmare of the contractor. the customer listed her complaints and said the jewelry was missing from her house. does this warrant a lawsuit? tamra holder says yes. rebekah arose what lynn says the contractor doesn't have a case. >> you know what, there is no lawsuit for defamation. he is suing her and the responses -- it is true. it's not defamation when it's true. charles: that sounds pretty cut and dry. >> if you ask about her answer, i respectfully disagree. she has accused him of committing a crime. stealing jewelry from her home. where does the investigation? where are the
whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurts every single american in the wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. charles: let me be brief, she posted on yelp. now, she need legal help her in being sued for $750,000 for posting this, do not put yourself through this nightmare...
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Dec 13, 2012
12/12
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just wrote this letter to congress pushing for the gop fiscal cliff. they say they are willing to swallow higher tax rates and they were warn them, there is a crate call meeting and the unemployment rate could suffer. they are asking them to compromise what taxpayers are saying in my next update, carla campbell, ktvu channel 2 morning news. >>> we are learning new information about the plane crash killing jenny rivera. their learjet went down in northern new mexico . according to the los angeles times, an executive is accused of faking safety records of the planes he bought and rivera was in the final stables of buying. the. >>> the driver said his car got stuck on the train tracks. they were heading to sacramento and was not going very fast at the time of the clicks. fortunately nobody was hurt. >>> time now 6:16, ordering online may seem like an easy way to shop but a lot of people are not getting their park ands. because criminals are stealing them. >>> the 70s monumental highlights, the civil war directed by steven spielberg and it is in the lead w
just wrote this letter to congress pushing for the gop fiscal cliff. they say they are willing to swallow higher tax rates and they were warn them, there is a crate call meeting and the unemployment rate could suffer. they are asking them to compromise what taxpayers are saying in my next update, carla campbell, ktvu channel 2 morning news. >>> we are learning new information about the plane crash killing jenny rivera. their learjet went down in northern new mexico . according to the...
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whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurtsvery single american inhe wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, urses, hospitals, pharmacists and other health professionals who helped us achieve the highest avege star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we'
whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurtsvery single american inhe wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and...
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Dec 6, 2012
12/12
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CNBC
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cliff, how many businesses in this room will reduce capital investment? remember, i just said -- and it's very demonstrable that capital investment is what drives gdp growth rate and job creation. that tells a story right there. if we go across the fiscal cliff, we will have an economic contraction or slow down at best. >> how are things looking right now ahead of the holidays? i'm sure your company is real busy, fedexing gifts. what are your expectations for this holiday season? >> well, you know, the 300,000 wonderful teammates of fedex are working very hard. we publicly forecast a couple weeks ago that on the 10th we would move 19 million shipments through our network. that's up about 11% year over year. e-commerce is causing a significant amount of growth. retail sales are going to be up some place in the 3.5% and 4%. we think absent going over the cliff and absent tax reform, u.s. gdp around 2% next year. worldwide, about 2.5%. >> real quick, we have to ask you your plans. you had said at some point you would leave the ceo role as soon as 2013. is th
cliff, how many businesses in this room will reduce capital investment? remember, i just said -- and it's very demonstrable that capital investment is what drives gdp growth rate and job creation. that tells a story right there. if we go across the fiscal cliff, we will have an economic contraction or slow down at best. >> how are things looking right now ahead of the holidays? i'm sure your company is real busy, fedexing gifts. what are your expectations for this holiday season? >>...
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Nov 20, 2012
11/12
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. >> we're not talking about the fiscal cliff. we're talking about "twilight's" weekend box office. and the bay area played a role. let's bring in our business and tech reporter scott budman with a story you'll see only on nbc bay area. >> hollywood loves "twilight," largely because it brings in such big money. but hollywood movies, especially those heavy on special effects are almost never made without a boost from bay area technology. and the final "twilight" is no exception. >> after 18 years of being utterly ordinary, i finally felt i could shine. >> reporter: all those millions of "twilight" fans make for big box office. but if you want to know who made the werewolves you have to come here to berkeley and tippett studio. not the biggest effects house, but now among the most respected. >> they will show up on the screen and the audience started clapping and stuff like that. we realized hey, this is the studio that did these movies. >> reporter: and these are the men and women who created the wolves. sanjay das is tippett's chief technology officer. he oversaw a huge jump in tech
. >> we're not talking about the fiscal cliff. we're talking about "twilight's" weekend box office. and the bay area played a role. let's bring in our business and tech reporter scott budman with a story you'll see only on nbc bay area. >> hollywood loves "twilight," largely because it brings in such big money. but hollywood movies, especially those heavy on special effects are almost never made without a boost from bay area technology. and the final...
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Nov 30, 2012
11/12
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you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean problems for everyone globally and no one would want that. i'm sure that you'll be able to find the right solution by the end of december. >> let us hope. mr. michalos, thank you very much. sue? >>> thank you, ty. two big winners in that $587 million record powerball lottery. but how much do you really need to earn to make you happy? the answer may surprise you. >>> and before you fill up your tank with gas, listen up. aaa is warning regulators to stop sales of a certain type of fuel at the pump because it could damage your car and void your car
you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean...
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Dec 7, 2012
12/12
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FOXNEWSW
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the impact that the fiscal cliff could have on the economy will go up across the board. >> as we get closer and closer to the end of the year i think the uneasiness will continue and the worry we might not see a resolution is going to effect our market. >> it has an impact or hiring as well. physical we go over the cliff the long-term benefits will in fact expire at the end of the year. as the president visited a family in virginia to talk about tax hikes on the wealthy there were few talks on if is clal cliff talks. >> i am not going to sign any package that somehow prevents the top rates from going up for folks at the top two percent. >> this isn't about getting a handle on debt for him it's about spending more than he already has. >> as far as the unp employment numbers are concerned today there is little doubt that super storm sandy had an impact on those. the expectation is that it dissipated a great degree. back to you guys. >>> doug luzader in washington, thank you. >> it is time to look at who is talking. we are hearing from bill o'reilly today. he is talking about the curren
the impact that the fiscal cliff could have on the economy will go up across the board. >> as we get closer and closer to the end of the year i think the uneasiness will continue and the worry we might not see a resolution is going to effect our market. >> it has an impact or hiring as well. physical we go over the cliff the long-term benefits will in fact expire at the end of the year. as the president visited a family in virginia to talk about tax hikes on the wealthy there were...
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Dec 9, 2012
12/12
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WBAL
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he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his second term will be defined by foreign policy and looming confrontation over iran. chris: politco has spoken. >> despite all of the domestic issues, he will have a bigger role to play on the world stage and brought into that with events whether it be syria, iran. >> leadership just changed in china for the first time in 10 years, the most important economic relationship we have in the world and he's got to make headway there to make sure they stay on their reform path so they continue to grow and the world economy will be stronger. >> i agree, it's unanimous, the big foreign policy challenges are com
he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his...
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Dec 5, 2012
12/12
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by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the white house. how much much revenue would the president's plan raise by raising the tax rates for high earners? >> about $1 trillion the next 10 years from the rate increase. that is just part of a package that also includes limits on deductions and tax credits and aims to pull in a total of $1.6 trillion. republicans want to keep tax rates the same b end deductions and loopholes but obama says that will not get the job done. >> it is not possible to raise the amount of revenue required for a balance the package if all you rely on is closing deductions and loopholes. let me amend that. it is possible
by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the...
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Nov 14, 2012
11/12
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it's not so much a fiscal cliff. like i said, the payroll tax, it's like a bathtub filling with water that's going to spill over the sides. it's inconvenient, but it will take it a while before it ruins your house. we just had a two-year long campaign about these issues. americans believe by 50% not to mention 55 seats in the senate, that the democrats plan is better and i think probably time for the republican party, yes, barack obama negotiate d a bad deal a year ago, to roll over and say look, we're going to go with the mandate the president has. >> all right, we'll see. thanks so much. >> thank you. >> we'll bring you the president's news conference later this afternoon. 1:30 eastern time we think, so tune in to cnn for special coverage with wolf blitzer. that begins at 1:00 eastern. [ female announcer ] introducing yoplait greek 100. 100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so
it's not so much a fiscal cliff. like i said, the payroll tax, it's like a bathtub filling with water that's going to spill over the sides. it's inconvenient, but it will take it a while before it ruins your house. we just had a two-year long campaign about these issues. americans believe by 50% not to mention 55 seats in the senate, that the democrats plan is better and i think probably time for the republican party, yes, barack obama negotiate d a bad deal a year ago, to roll over and say...
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Dec 5, 2012
12/12
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. >> but it's got to be a little bit more than just this advertising, fiscal cliff. what about the business model? look at the competition. these other places that folks can go to listen to music. i mean, what about all of that impacting? we're down 20%. that is huge. >> you know what? that is a big move. stocks don't normally lose 20% in a day. generally speaking, when i see a stock go down 20% in a day, because we like to buy low and sell high, we tend to buy those kind of situations, especially when companies have a clean balance sheet, no debt. no now, in regards to competition, this is a company that expanded its market share. at the end of the day, this is a business model that does have competition. spotify is the record store, if you will, of the internet as well as itunes. apple is the radio, the z-100 of the internet. you don't really see z-100 competing with record stores. therefore, pandora and spotify and itunes are the business model. >> but does pandora have a jingle ball like z-100, rich? i think not. but they do have lots of choices in music. >> joe
. >> but it's got to be a little bit more than just this advertising, fiscal cliff. what about the business model? look at the competition. these other places that folks can go to listen to music. i mean, what about all of that impacting? we're down 20%. that is huge. >> you know what? that is a big move. stocks don't normally lose 20% in a day. generally speaking, when i see a stock go down 20% in a day, because we like to buy low and sell high, we tend to buy those kind of...
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Dec 6, 2012
12/12
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something called the fiscal cliff, which i know you have been watching. you're very closely aligned with president obama having been the chair of the democratic national convention in september. i want to get your take on this. this is critical to your state. businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us to go off this cliff. people are tired of the partisanship. they want both sides to work together. they want them to do so in a balanced way. i agreed to join the stirring committee to fix the debt coalition and i have because the balance is that we have to make spending cuts. we have to address entitlements but we also have to make sure that we have the revenues that we need to make the investments that we need. education. infrastructure. transportation. research and development. workers training. all of those things are important things that we have to do. we
something called the fiscal cliff, which i know you have been watching. you're very closely aligned with president obama having been the chair of the democratic national convention in september. i want to get your take on this. this is critical to your state. businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best...
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Dec 13, 2012
12/12
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fed chairman ben bernanke says just the threat of the fiscal cliff is dragging down the economy. >> it's already affecting business investment and hiring decisions by creating uncertainty. >> that's unwelcome news for hundreds who lined up at a job fair in new york on wednesday. >> basically i'm looking for anything that pays american dollars. >> ben bernanke says 2013 will bring more jobs and better economic growth but only if congress strikes a deal. now, even if they do strike a deal, some here say the delays have jeopardized the chances of this becoming legislation and passing both houses of congress in time, and there's a question whether speaker boehner will even have enough republican votes to pass any deal they might come, to terrell. >> susan mcginnis in washington this morning. thank you, susan. >>> ben bernanke also had big news for investors. the feds taking unprecedented action in keeping interest rates at their record-low levels. erica ferrari is here in new york with that. erica, good morning to you. >> good morning, terrell. for the first time ever, the fed said they woul
fed chairman ben bernanke says just the threat of the fiscal cliff is dragging down the economy. >> it's already affecting business investment and hiring decisions by creating uncertainty. >> that's unwelcome news for hundreds who lined up at a job fair in new york on wednesday. >> basically i'm looking for anything that pays american dollars. >> ben bernanke says 2013 will bring more jobs and better economic growth but only if congress strikes a deal. now, even if they...
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Dec 7, 2012
12/12
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as for fiscal cliff fears would keep businesses from around the country from hiring that does not seem to be the case. either more than half of the jobs added last month came in retail and health care. the jobs were lost in construction and manufacturing. we're working now to get reaction from the white house and members of congress and hope to have that for you during my next update. reporting live from washington, d.c. alison burns. >>> time now 6:17. another story about controversial comedian katt williams. he has more legal problems after announcing he has unreported. an arrest warrant has been issued for katt williams. chp claims williams almost ran down five people when he drove his motorcycle on to a sidewalk. katt williams also failed to show up at an arraignment in seattle to face charges he hit a man with microphone and threw chairs at fans. despite all the controversy williams managers say he's not retiring and will continue with his nation-wide tour. >>> police in mill valley have arrested a manager of an assisted living facility on suspicion of fraud, identity theft, and f
as for fiscal cliff fears would keep businesses from around the country from hiring that does not seem to be the case. either more than half of the jobs added last month came in retail and health care. the jobs were lost in construction and manufacturing. we're working now to get reaction from the white house and members of congress and hope to have that for you during my next update. reporting live from washington, d.c. alison burns. >>> time now 6:17. another story about...
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, folks who are closely watching this fiscal cliff drama. paula? rob? >> drama, indeed. tahman bradley, live in washington. thanks, tahman. >>> and a top republican may be among president obama's choice for his reshuffled cabinet. former senator chuck hagel of nebraska is said to be on the short list for secretary of defense. the president is expected to announce his nominees in the next two weeks. >>> and looking frail and also in a wheelchair, former senator bob dole made a surprise appearance last night on capitol hill, just days after being released from the hospital. dole was pushing for passage of a u.n. treaty guaranteeing equal rights for the disabled. but his efforts were in vain. republicans blocked approval of the treaty, saying it threatens national sovereignty. >>> also, a political passing announced overnight. long-time texas congressman, jack brooks has died. you can see brooks in this very famous photograph of lbj being sworn in as president aboard air force one. he is standing just behind a grief-stricken jackie kennedy. bro
, folks who are closely watching this fiscal cliff drama. paula? rob? >> drama, indeed. tahman bradley, live in washington. thanks, tahman. >>> and a top republican may be among president obama's choice for his reshuffled cabinet. former senator chuck hagel of nebraska is said to be on the short list for secretary of defense. the president is expected to announce his nominees in the next two weeks. >>> and looking frail and also in a wheelchair, former senator bob dole...
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Nov 13, 2012
11/12
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CNN
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cliff. when the automatic tax hikes and spending cuts will take place. unless the president and congress can reach a deal. as you can imagine, everyone wants president obama's ear on this issue. and today, the president's going to meet with labor leaders. cnn white house correspondent brianna keilar with a look at that. great to see you. a labor, of course, intent on making sure the president keeps his promise on those tax hikes for the wealthy. but what can we expect from this meeting today? we're talking about one hour with two dozen labor leaders. is there anything that can really be accomplished? >> reporter: i don't know anything really tangible is going to come out of this. this is a big kickoff for president obama, having meetings this week. today he's meeting with labor leaders, also liberal leaders. tomorrow, he's meeting with business leaders. obviously he needs to span the interest of these interests, i should say of these groups. as he tries to work out a deal with republicans an
cliff. when the automatic tax hikes and spending cuts will take place. unless the president and congress can reach a deal. as you can imagine, everyone wants president obama's ear on this issue. and today, the president's going to meet with labor leaders. cnn white house correspondent brianna keilar with a look at that. great to see you. a labor, of course, intent on making sure the president keeps his promise on those tax hikes for the wealthy. but what can we expect from this meeting today?...
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Dec 4, 2012
12/12
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CNNW
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cliff will really have. tonight we tackle the much-discussed concept of increasing tax rates for the top 2%. chief business correspondent ali velshi joins me now. help us cut through the spin. the partisans all have a different take on this. if you raise taxes on the top 2%, what's the impact? what does it look like and how much of an impact would it have on the deficit? >> well, let's look at it in two ways. one is income tax, right? right now, the highest earners, those households that earn more than a quarter million dollars a year, pay a higher tax rate on the marginal amount, the amount above the $250,000 a year. so we're talking about taking that rate from 36% to 39.6% if we even go there. that hasn't even been negotiated yet but that's 3.6% on every dollar you earn above $250,000. there are not a lot of studies that suggest that that would have catastrophic effects on the economy. the other area that democrats want to raise taxes are on investment income, things like capital gains, dividend income. no
cliff will really have. tonight we tackle the much-discussed concept of increasing tax rates for the top 2%. chief business correspondent ali velshi joins me now. help us cut through the spin. the partisans all have a different take on this. if you raise taxes on the top 2%, what's the impact? what does it look like and how much of an impact would it have on the deficit? >> well, let's look at it in two ways. one is income tax, right? right now, the highest earners, those households that...
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i am sure people are anxious about the fiscal cliff. should they be as worried? are we overplaying it in the media? >> time will tell. i will say that mainstream does not seem to be as focus on this as wall street or businesses are. the answer to how big an impact is somewhere in between the perceived whistling past the graveyard the consumers are doing and the obsession we all have with wall street and probably is a reality. but i think what tends to boost consumers''s psyche, their incomes would be things like gains in housing, falling castling prices, the recovery starting post hurricanes and the. those come in to play and we have both stocks and houses, the biggest the components of net worth generally moving in the right direction. that, i think, is causing the confidence among consumers and we, wall street, the media, have been -- tired of talking about -- [talking over each other] liz: great job. thank you. one of the last things you said was one of the most important. the two things that are the biggest network for people, stocks and housing, the home tha
i am sure people are anxious about the fiscal cliff. should they be as worried? are we overplaying it in the media? >> time will tell. i will say that mainstream does not seem to be as focus on this as wall street or businesses are. the answer to how big an impact is somewhere in between the perceived whistling past the graveyard the consumers are doing and the obsession we all have with wall street and probably is a reality. but i think what tends to boost consumers''s psyche, their...
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Dec 9, 2012
12/12
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WUSA
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. >> with the fiscal cliff looming the future of many small businesses is up in the air. randall pinkston heads up the cost of uncertainty for one owner. >> a therapy already used with adults shows promise in treating children with advanced leukemia. this young girl shares her experience. >> and holiday return. >> it's my pleasure to return this to you. >> jeff: tony guida watches as a famous hotel welcomes back long missing items, no questions asked. >> this is the captioning sponsored by cbs this is the "cbs evening news." >> good evening, everyone, i'm jeff glor. syrian rebels tonight are ramping up their adult-- assault on damascus and a legalo the country's largest city. the u.n. peace envoy met with u.n. and russian diplomats trying to broker a cease-fire. at the same time there is growing concern tonight over al qaeda's influence in the rebel ranks. david martin is at the pentagon. >> reporter: video said to show the aftermath of a syrian air strike provides graphic evidence of a life-and-death battle which high level diplomats say is bad and getting worse. despite
. >> with the fiscal cliff looming the future of many small businesses is up in the air. randall pinkston heads up the cost of uncertainty for one owner. >> a therapy already used with adults shows promise in treating children with advanced leukemia. this young girl shares her experience. >> and holiday return. >> it's my pleasure to return this to you. >> jeff: tony guida watches as a famous hotel welcomes back long missing items, no questions asked. >> this...
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Oct 26, 2012
10/12
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FBC
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ashley: if they have a boom they get this fiscal cliff, businesses are not hiring, all the uncertainty, a huge spike in hiring. gerri: there will be a better chance of negotiating a fiscal cliff if mitt romney wins, doesn't look like the house is going anywhere. you could see a big turnaround -- >> if you kick the can down the road until next year, why do anything? i will wait yet again. it could help the economy for a long time. gerri: you keep seeing consumers trying to spend more and desperate to spend more if they have good news to depend on. we have to wait and see and goodness knows can the election be halted for the weather? i am beginning to wonder. we have a big storm coming. ashley: we have to see how bad this storm is. what do you have coming up? gerri: i am going to be talking about the numbers we have been looking at, gdp, showing what the problem is with that number and are we cheating at the margins when we talk about these numbers? is like alice in wonderland and nothing is as it seems to. i keep being cajoled by the government that everything is wonderful and getting b
ashley: if they have a boom they get this fiscal cliff, businesses are not hiring, all the uncertainty, a huge spike in hiring. gerri: there will be a better chance of negotiating a fiscal cliff if mitt romney wins, doesn't look like the house is going anywhere. you could see a big turnaround -- >> if you kick the can down the road until next year, why do anything? i will wait yet again. it could help the economy for a long time. gerri: you keep seeing consumers trying to spend more and...
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Aug 9, 2012
08/12
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the fiscal cliff. >> businesses are saying they're not doing anything until they get some clarity. >> we're moving into september, they're not doing anything for the west of the year anyway. they can say they're not doing anything, but they're budget is spent. in the lame duck session, there is a lot of work done that sets the teenage in the next congress, irrespective of who the president is. from what i hear, it's not something people are thinking about in washington. >> i hope ron is right and we see something in the lame duc congress. >> you're saying the lame duck congress, when? this year? >> of course, they come back, they will have to do something. they already passed a sixth month budget that gets us through march of next year, they have to do some things to stall that. if the republicans take the house, keep the senate, irrespective of what happens in the senate, it will be fiscal rectatude. >> up next, they supported his election four years ago but wall street and corporate america may be closing the wallet on president obama. >> they are spending more time raising money t
the fiscal cliff. >> businesses are saying they're not doing anything until they get some clarity. >> we're moving into september, they're not doing anything for the west of the year anyway. they can say they're not doing anything, but they're budget is spent. in the lame duck session, there is a lot of work done that sets the teenage in the next congress, irrespective of who the president is. from what i hear, it's not something people are thinking about in washington. >> i...
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Nov 29, 2012
11/12
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. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an increase in the payroll tax. .9%, 2.9 to 3.8%, small business busy and self-employed. how does that promote growth. they're going to be hiring less and there are going to be fewer employees. >> don't they talk about this? why don't they do the add-ones that you're doing on the obama care taxes? >> i'm actually not sure about this. i'm pretty confused about why the romney campaign didn't hit the obama care tax argument harder on the campaign trail because the supreme court ruled it a tax for good reason. it had gone through the numbers here on your show. this hit small businesses and in return hits the middle class, the very people that these small businesses employ, the people who will get hid the hardest, even though making $200,000 per year are the ones employing the middle class that president obama keep propping up to get his agenda passed. >> now we have this $20 million medical device tax. this has been around. i believe you write t
. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an increase in the payroll tax. .9%, 2.9 to 3.8%, small business busy and self-employed. how does that promote growth. they're going to be hiring less and there are going to be fewer employees. >> don't they talk about this? why don't they do the add-ones that you're doing on the obama care taxes? >> i'm actually not sure about this. i'm pretty confused...
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Nov 7, 2012
11/12
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we'll be able the s fiscal cliff business time.ching "the daily rundown" on msc. ♪ úi úq c,opies of my acceptance speech. great! it's always good to have a backup plan in case i get hit by a meteor. wow, your hair looks great. hotoshop here.on those mugs.u're drinking. know, i'm glad we're both running a nice, clean race. here's your "honk if y had an affair with taylor" yard sign. [ male announcer ] fedex office. now save 50% on banners.áhaátmqc >>> as ive been shown the door. repre some form of -election.o name here. pete stark. that forever. he's not coming back. ward#g richardson. getting robert dold.biggt, bobby schilling, joe awalsh. leonard boswell lost. in republicans charlie ousted 6÷ incumbentsents larry lvania democrat mark critz and it,p chandler may lose. ran for the time a row against andybarr. each other. benay mayn. which may be bad news for mitch mcconnell. i'll explain in a minute.;z job you're mitch mcconnellr re-election. >> it'll be see how the minority handles politics heading into his oelection as you just eluded to. >> he's in a vice grip. he's got a p challe
we'll be able the s fiscal cliff business time.ching "the daily rundown" on msc. ♪ úi úq c,opies of my acceptance speech. great! it's always good to have a backup plan in case i get hit by a meteor. wow, your hair looks great. hotoshop here.on those mugs.u're drinking. know, i'm glad we're both running a nice, clean race. here's your "honk if y had an affair with taylor" yard sign. [ male announcer ] fedex office. now save 50% on banners.áhaátmqc >>> as ive...
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Dec 26, 2012
12/12
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again. >> the market is responding to the pending fiscal cliff. >> business has stopped investing. business has stopped spending. business has stopped hiring. >> nobody knows what's going to happen. there's outlandish guesses on both sides. >> it wouldn't surprise me if we go past january 1. >> you can't tax your way out of this. you can't cut spending your way out of this. you can't grow your way out of this. >> another two million people will lose their job. unemployment will go to over 9%. why would we do that? >> president obama is meeting with high-profile chief executive officers today. >> we don't legislate, but we know a lot about what the consequences are of the failure to reach an agreement. >> we're just here to support doing the right thing. putting america back to work. >> we've got to make sure that taxes don't go up on middle-class families. our economy remains strong. that we're creating jobs. >> the time for the president and democrats to get serious about the spending problem that our country has. >> is the administration prepared to go over the fiscal cliff? >> a
again. >> the market is responding to the pending fiscal cliff. >> business has stopped investing. business has stopped spending. business has stopped hiring. >> nobody knows what's going to happen. there's outlandish guesses on both sides. >> it wouldn't surprise me if we go past january 1. >> you can't tax your way out of this. you can't cut spending your way out of this. you can't grow your way out of this. >> another two million people will lose their...
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Dec 10, 2012
12/12
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the fiscal cliff for companies, small businesses really december 14th. december 14th? what are you talking about? >> think about when you get paid. when does your paycheck come? they have to start changing payroll processes now for january 1st of next year. software, they've got they don't even know what your tax withholding rates are going to be. the american payroll association says to congress, a delay in legislation beyond december 14th doesn't give all businesses enough time to update and test their systems for early january paychecks. the two worst-case scenarios according to this group, a deal after january 1st, where you are applying retroactive rules, or delaying the decision a few months. they don't have the ability to go back, to go back and reconfigure everything for five months behind us. so it's a real mess. >> bad news. i want good news. and you were talking about a plunge. gas prices are down. a lot. >> a gas crash. gas prices down 46 cents over the past two months. a couple of things. slow growing economy. using less of it. and a lot of the bottlenecks
the fiscal cliff for companies, small businesses really december 14th. december 14th? what are you talking about? >> think about when you get paid. when does your paycheck come? they have to start changing payroll processes now for january 1st of next year. software, they've got they don't even know what your tax withholding rates are going to be. the american payroll association says to congress, a delay in legislation beyond december 14th doesn't give all businesses enough time to...
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we don't see any negativity coming out next weekend with the fiscal cliff business. if we don't do the parties say we are off the table right now, say a small rally going into the weekend. david: that is good news, thank you very much, appreciate it. liz: today president obama and house speaker john boehner spoke out about the troubles facing the nation. saying they need to work together. david: they always say that but when push comes to shove, will we see compromise on the critical issues? rich edson from the white house with details. is it going to happen? >> it is a little too early to tell, but look, the democrats campaign in raising taxes on those earning more than $250,000 per year and the voters he said have spoken. the white house later said the president would veto any bill that doesn't raise taxes on the wealthier taxpayers. he is willing to talk. >> i'm open to compromise. i'm open to new ideas. i'm committed to solving the fiscal challenge. but i refuse to accept any approach that isn't balanced. speak of the president said he invited readers to come ove
we don't see any negativity coming out next weekend with the fiscal cliff business. if we don't do the parties say we are off the table right now, say a small rally going into the weekend. david: that is good news, thank you very much, appreciate it. liz: today president obama and house speaker john boehner spoke out about the troubles facing the nation. saying they need to work together. david: they always say that but when push comes to shove, will we see compromise on the critical issues?...
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Nov 13, 2012
11/12
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and there is plenty of unfinished business to tackle, including that so-called fiscal cliff. a budget deal must be reached to avoid automatic cuts on programs and tax hikes for most americans. as congress reconvenes on capitol hill, president obama will be at the white house for meetings aimed at pressuring lawmakers into a compromise. for more on the fiscal cliff and what it means for you, let's check in with business and tech reporter, scott mcgrew, live this morning with more. scott. >> reporter: well, good morning to you, laura. the president is going to have two major meetings today and tomorrow. the first day will be with labor, wednesday with ceos. now, companies and employees really have no say whether or not america goes over a cliff. that's entirely up to congress. but powerful people in the private sector can certainly add pressure to lawmakers. now, this labor part is critical. average americans do have the most to lose, as many benefits are required to be cut on the cliff. on the ceo side, northern california will be represented pie this man, john watson, the ceo
and there is plenty of unfinished business to tackle, including that so-called fiscal cliff. a budget deal must be reached to avoid automatic cuts on programs and tax hikes for most americans. as congress reconvenes on capitol hill, president obama will be at the white house for meetings aimed at pressuring lawmakers into a compromise. for more on the fiscal cliff and what it means for you, let's check in with business and tech reporter, scott mcgrew, live this morning with more. scott....
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Dec 6, 2012
12/12
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earlier the president told the business round table a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. in an interview on cnbc, timothy geithner says the gop is making a little bit of progress, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> i want to understand the administration's position when it comes to raising taxes on the wealthy, those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. again, there is no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. remember, it's only 2%. >> with both sides in washington publicly digging in their heels, how much will the fiscal cliff impact the credit markets? ben garber joins us for more. ben, good morning. clearly we're focused on the down side risk from the budget standoff and then there's beyond that. let's talk about the short term at the moment. what impact is tha
earlier the president told the business round table a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. in an interview on cnbc, timothy geithner says the gop is making a little bit of progress, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> i want to understand the administration's position when it comes to raising taxes on the wealthy, those making more...
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Nov 14, 2012
11/12
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so-called fiscal cliff. it is a series of expiring tax cuts and across-the-board spending cuts set to take effect january 1 if congress does not act. for more insight let's turn to tracie potts, live in washington, d.c. understand -- business leaders we talked about will be attending the meeting. do we know which ones? >> right. a number of them. ceos of ge, general electric, chevron, bay area company, about a dozen of them. these are groups ceos that the president has been trying to get together to back his plan that we expect. he will outline in that news conference in a few hours. part of the group called the campaign to fix the debt really trying to hone in on what we can do to preserve medicare in the process of reducing the debt in the deficit. >> democrats floating an unorthodox idea. we understand they actually might let the government go over the cliff, at least temporarily. why is that? >> yes. you know, i should emphasize here, some democrats. the white house very cool to this. you may imagine bot
so-called fiscal cliff. it is a series of expiring tax cuts and across-the-board spending cuts set to take effect january 1 if congress does not act. for more insight let's turn to tracie potts, live in washington, d.c. understand -- business leaders we talked about will be attending the meeting. do we know which ones? >> right. a number of them. ceos of ge, general electric, chevron, bay area company, about a dozen of them. these are groups ceos that the president has been trying to get...
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Dec 13, 2012
12/12
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FBC
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ashley: businesses bracing for the fiscal cliff and even more government regulation. chairman of oil and natural gas produce other energy xx 1, john shiller is here and how his company is bracing for the worse. tracy: time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. nicole, we were saying, sitting here yesterday at this time, the market was up about 60 points. now, we are down. so much for the bernanke rally, huh? >> that's right. it was a little celebrate, good times around this time after we already heard from the fomc and quantitative easing and accommodative fed. we heard from ben bernanke and the truth is everybody realizes that we do have a tough economy and we'll see what happens. but i was just looking at major market averages. we're losing 61 points right now. however we're still up for the week. and then i began to look back to see how many weeks in a row. we're already up. this would be the fourth week in a row of gains. so it is sort of slow and steady and moving higher, slowly but surely like take t
ashley: businesses bracing for the fiscal cliff and even more government regulation. chairman of oil and natural gas produce other energy xx 1, john shiller is here and how his company is bracing for the worse. tracy: time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. nicole, we were saying, sitting here yesterday at this time, the market was up about 60 points. now, we are down. so much for the bernanke rally, huh? >> that's right....
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Dec 10, 2012
12/12
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." >> big business is together in wanting to avoid the fiscal cliff. tonight randall pinkston with the worries of small business. >> reporter: retired army officer rod hudson runs a 13 man business that operates at the centre of national security. >> we make sampling kit for weapons of mass destruction. >> reporter: quicksilver analytics allow them to test for anthrax, chemical and nuclear materials. >> every air force base recently bought a sampling kit. all the special forces guys, coast guard strike teams. >> reporter: but now with the post-election budget fight in washington over the fiscal cliff, hudson's business faces a battle on three fronts. all of which are up in the air. defense cuts, tax hikes, employee health-care costs. >> uncertainty kills businesses, because you can't plan. you can't program, you can't forecast. >> reporter: with defense spending on the chopping block, even with congress avoids the fiscal cliff, hudson predicts that 15% slowdown in orders next year. >> it could be june before we start seeing orders and if that's true, i
." >> big business is together in wanting to avoid the fiscal cliff. tonight randall pinkston with the worries of small business. >> reporter: retired army officer rod hudson runs a 13 man business that operates at the centre of national security. >> we make sampling kit for weapons of mass destruction. >> reporter: quicksilver analytics allow them to test for anthrax, chemical and nuclear materials. >> every air force base recently bought a sampling kit. all...
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Nov 13, 2012
11/12
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FOXNEWS
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would help alleviate some of the potential damage that could be caused by the fiscal cliff and would enable us to move forward to address the many other issues that we have that confront us. it would be an excellent way to demonstrate to the american public that after an election where these issues were central to the debate, that washington can move forward and that we can compromise. >> given the -- everything that is going on with petraeus and weland allen is the president going to ask the national security team sort of, hey, guys i know you want to leave, but give me another month or two? >> i really don't have any announcements or hints to make about personnel matters. the president -- >> does he think he can make these changes in the midst of all this right now? >> you know, what changes you're talking about i think depends on which broadcasts and newspapers you follow, but i'm not going to engage in that kind of speculation. the president has -- knows that he has a very strong team in place, and will make personnel decisions when appropriate, and he'll announce them when he's
would help alleviate some of the potential damage that could be caused by the fiscal cliff and would enable us to move forward to address the many other issues that we have that confront us. it would be an excellent way to demonstrate to the american public that after an election where these issues were central to the debate, that washington can move forward and that we can compromise. >> given the -- everything that is going on with petraeus and weland allen is the president going to ask...
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Oct 26, 2012
10/12
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if we have to go into this fiscal cliff business, 2% growth, 1.5% growth affords us no safety margin whatsoever. >> that's exactly right, larry. i mean you can't take a 600 billion dollar tax hike and set a spending cuts even if you're a case withy keynesian to think growth would not be significant in the first half the year. no room to absorb it. >> wlits 2% or 1.5% or whatever do you see a recessionary threat, in other words this is a growth stall and in the old days economists used to call this kind of thing a growth recession. you yourself worry about a recession. >> we know we have a revenue recession. we have a profits version. we have a capital goods recession. now we have to look forward to austerity. my own take is that washington is giving us a binary choice. either to embrace 1 trillion deficits going back four years and trillion deficits every year until we have a bond crisis and market crisis or go over the fiscal cliff. we have to do something. >> would you go over the cliff? alan greenspan would go over the cliff. alan greenspan said let the tax revenues go up. >> if w
if we have to go into this fiscal cliff business, 2% growth, 1.5% growth affords us no safety margin whatsoever. >> that's exactly right, larry. i mean you can't take a 600 billion dollar tax hike and set a spending cuts even if you're a case withy keynesian to think growth would not be significant in the first half the year. no room to absorb it. >> wlits 2% or 1.5% or whatever do you see a recessionary threat, in other words this is a growth stall and in the old days economists...
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Dec 10, 2012
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that had nothing to do with hurricane sandy. >> is the fiscal cliff affecting your business, mike? are you seeing consumers hesitant about buying? we were talking about the fact that consumers are pretty optimistic while business is sitting on cash, anticipating the results. what is it doing to your business? >> maria, it's amazing and head scratcher and maybe i just worry too much but the american consumer believes or has faith, confidence, whatever you call it that there's going to be some sort of resolution around the fiscal cliff and that washington, d.c. is not so recklessly irresponsible to throw this economy back in recession. they are behaving as if the fiscal cliff is going to be resolved. auto sales have met the challenges of the debt crisis of high gas prices and now the fiscal cliff with the american consumer on a durable good saying, you know, we think at the end of the day they are going to do the right thing and this is going to get resolved. >> what are you saying out there? what are the hottest brands, luxury to economy brands? what are you selling most and what's
that had nothing to do with hurricane sandy. >> is the fiscal cliff affecting your business, mike? are you seeing consumers hesitant about buying? we were talking about the fact that consumers are pretty optimistic while business is sitting on cash, anticipating the results. what is it doing to your business? >> maria, it's amazing and head scratcher and maybe i just worry too much but the american consumer believes or has faith, confidence, whatever you call it that there's going...
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Nov 27, 2012
11/12
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one way or another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before. what a surprise. but the white house got one thing right today. it released a study showing that a massive year-end tax hike would kill consumer spending by $200 billion, right. so let's not raise taxes. and in addition to all of this, the joint chiefs of staff is apparently drawing up plans to keep 10,000 u.s. troops in afghanistan past the 2014 deadline. this break a president obama promise, but some promises are made to be broken, and i think this is probably a good move. but first up congress back at work tonight after the holiday recess with now just 35 days to go. are we any closer to a tax and fiscal cliff fix? cnbc's
one way or another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before. what a surprise. but the white house...
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Dec 23, 2012
12/12
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on the way to avert the fiscal cliff, chow quinlan has put plans to expand her business on hold. she's worried because going over the clip will cost middle class families an estimated $2,000 a year. money people won't have to spend here. >> it's always challenging when you're in a recreational type of environment. because that's sometimes the first thing that people consider you know when they're evaluating their finances and what am i going to spend my money on. >> the fear that i have is that we're going to lose some customers, we're going to lose our shoppers and we've been here for ten years. >> for clothing store owner lindsay boucher. it's been a rough few years since the recession. now she says she's terrified we're on the verge of tumbling back in. >> i think the effects of them not coming up with a plan is going to be devastating and i see a huge, a bigger recession. >> the prospect of higher taxes next year means boucher is cutting back now. trimming staff for january and february, only buying clothing she's sure will sell. her goal, just to keep her business afloat. >>
on the way to avert the fiscal cliff, chow quinlan has put plans to expand her business on hold. she's worried because going over the clip will cost middle class families an estimated $2,000 a year. money people won't have to spend here. >> it's always challenging when you're in a recreational type of environment. because that's sometimes the first thing that people consider you know when they're evaluating their finances and what am i going to spend my money on. >> the fear that i...
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Nov 10, 2012
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cliff and the debt ceiling is that a lot of businesses have developed a self-imposed chilling effect. they've stopped spending and they've stopped investing because they don't know in terms of the visibility and the uncertainty. again, if you could wave your magic wand, larry, and make all of this go away and then you'll have companies that will spend and hire and build the marginal plant and the economy will get back to something at or near a trend line growth. >> where are we now? >>. >> you're trading just under 14 times this year, and 12.5 times next year, larry. >> 12 1/2 times next year, is dare i say it, relatively cheap. >> oh, agreed. >> our base case is that we should be trading at no less than 18 times forward earnings and if we look out into the cycle we think we can get back to something in the upper teens over the next couple of years. so the reason stocks are as cheap as they are now in my opinion is based upon a lot of the uncertainty associated with the election and the fiscal cliff. i can't promise forever. that's just my hunch. we are, in the weeks ahead going to g
cliff and the debt ceiling is that a lot of businesses have developed a self-imposed chilling effect. they've stopped spending and they've stopped investing because they don't know in terms of the visibility and the uncertainty. again, if you could wave your magic wand, larry, and make all of this go away and then you'll have companies that will spend and hire and build the marginal plant and the economy will get back to something at or near a trend line growth. >> where are we now?...
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Jun 7, 2012
06/12
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if we can't solve this fiscal cliff business with the congressional budget office saying no solution to the fiscal cliff there's going to be recession, i think the time for simpson/bowles is exactly this summer. if the big guys won't get to it, then let's bring in the other troops. let's bring in the calvary. >> i think about this guy who was a nobel-prize winning scientist who, you know, had a project that was running out of money, and he turned to his team and he said, hey, we're running out of money. now we got to start thinking. well, that's what america is. we're running out of money. now we got to start thinking. we got to make these tough political choices. we got to set priorities. if we do that, this country can compete with anybody. but if we don't, we're well on our way to becoming a second rate power. we've got to get to work and we got to do it now. >> amen. erskine bowles, thank you for your great service and appreciate you coming on the show. >> thank you, sir. >> up next, my exclusive sitdown interview with john boehner. he told me house republicans will pass a full t
if we can't solve this fiscal cliff business with the congressional budget office saying no solution to the fiscal cliff there's going to be recession, i think the time for simpson/bowles is exactly this summer. if the big guys won't get to it, then let's bring in the other troops. let's bring in the calvary. >> i think about this guy who was a nobel-prize winning scientist who, you know, had a project that was running out of money, and he turned to his team and he said, hey, we're...
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Nov 8, 2012
11/12
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the president makes until january first. >> susie: and the fiscal cliff is a big worry for business leaders. the c.e.o. of caesars entertainment, tells us it'll be "very damaging" for his company. >> tom: that and more tonight on "n.b.r."! wall street greeted the election results with a big sell-off in stocks. investors dumped shares of almost every type, giving the s&p 500 it's worst day since june. beyond the u.s. elections, europe also brought fresh worries for investors with concerns in greece, and germany. here's how the numbers stacked up on wall street. the dow lost 312 points, at it's worst point of the day, the blue chip index was down 369 points. the nasdaq tumbled nearly 75 points and the s&p 500 off 33. suzanne pratt takes a look at where the market goes from here. >> reporter: let's be candid. this is not the election outcome that wall street wanted to see. after all many investors believe president obama's tax policies will hurt corporate profits. on top of that there's the likelihood of more regulation in the president's second term. those concerns were evident in sel
the president makes until january first. >> susie: and the fiscal cliff is a big worry for business leaders. the c.e.o. of caesars entertainment, tells us it'll be "very damaging" for his company. >> tom: that and more tonight on "n.b.r."! wall street greeted the election results with a big sell-off in stocks. investors dumped shares of almost every type, giving the s&p 500 it's worst day since june. beyond the u.s. elections, europe also brought fresh...
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Nov 30, 2012
11/12
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. >>> breaking news on the fiscal cliff. the gop saying they will agree to more tax revenue if something else happens. we'll tell what you that is. >>> where is john mcafee? the millionaire is still on the run in central america. le call in to the show this hour with how he has been surviving. it is an interview you will not want to miss. >>> plus, are you overtaxed? maybe. but not by uncle sam. we'll tell you why. >>> and why it may be the end of the road for detroit. one state senator's plan to dissolve the city. he is your guest. happy friday, everybody. mandy will be back on monday. i'm brian sullivan. thank you very much for joining us. >>> stocks relatively in a holding pattern again all ahead of the fiscal cliff. we're not seeing big moves. people unwilling to take bets. we're going to get to bob pisani in just a minute. >>> but first we need to get to eamon javers with some breaking headlines from mitch mcconnell on the fiscal cliff. eamon? >> brian, we're getting a trial balloon here just within the past couple of m
. >>> breaking news on the fiscal cliff. the gop saying they will agree to more tax revenue if something else happens. we'll tell what you that is. >>> where is john mcafee? the millionaire is still on the run in central america. le call in to the show this hour with how he has been surviving. it is an interview you will not want to miss. >>> plus, are you overtaxed? maybe. but not by uncle sam. we'll tell you why. >>> and why it may be the end of the road...